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PPP Loan Data — The Logistics Company Inc,
Fayetteville, NC
The Logistics Company Inc
Entity: Corporation
Industry: Facilities Support Services
Location: Fayetteville, NC
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The Logistics Company Inc is a corporation located at 3400 Walsh Pkwy in Fayetteville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $5,995,599.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-16Lender:
FIRST HORIZON BANKThe Logistics Company Inc in Fayetteville, NC received a Paycheck Protection Loan of $6M through FIRST HORIZON BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Logistics Company Inc's total 2019 payroll expenses were approximately $28.78M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $57,558 per employee1.
Business Information - The Logistics Company Inc in Fayetteville, NC
3400 Walsh Pkwy
Fayetteville, NC 28311
Business Industry
Facilities Support Services (NAICS code 561210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NC-08Industry PPP Comparison Statistics
Nationwide, 1,765 businesses in the "Facilities Support Services" industry received a total of $434,144,705.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 96% lower than The Logistics Company Inc's reported 500 employees, and received an average PPP loan of $245,974, 96% lower than this company's loan of $6M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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